Here are the credit score ranges used by major scoring models: 1  FICO Score range: 300-850. 2  VantageScore 3.0 range: 300â850. 3  VantageScore scale (versions 1.0 and 2.0): 501â990. 4  Experianâs PLUS Score: 330-830. 5  TransUnion New Account Score 2.0: 300-850. 6  Equifax Credit Score: 280â850.
mode of premium payment. The frequency of payment the policyholder has chosen, for example, annually, monthly, or quarterly.
Payment Grace Period. All term life insurance policies have a grace period for making your premium payment. Most grace period lengths are 30 days. As long as you make the payment and the insurance company receives and processes your payment within that grace period your policy will not lapse.